S&S Industries is the biggest snowmobile manufacturer in the world. It reported the following amounts in its financial statements (in millions): 2017 2018 Net Sales Revenue $ 4,100 $ 3,560 Cost of Goods Sold 3,340 2,830 Average Inventory 420 360 Required: 1-a. Calculate the inventory turnover ratio for 2018 and 2017. 1-b. Calculate the average days to sell inventory for 2018 and 2017. 2. Did inventory turnover at S&S improve or decline in 2018? 3. Calculate the 2018 gross profit percentage. 4. The main competitor for S&S is Arctic Cat. Prior to being acquired by Textron, Incorporated, Arctic Cat reported its inventory turnover was 3.8 and its gross profit percentage was 4.4 percent. Why was Arctic